Property price growth in global cities hits highest level since 2013

Knight Frank ranks 150 world cities by house price inflation

Residential property prices across 150 cities worldwide increased by 6.9% in the year to March 2017, says Knight Frank; that’s the highest rate of annual growth since Q4 2013…

82% (123) of the tracked cities recorded positive annual price growth, with 40 posting double-digit rises.

Chinese cities still dominate the top rankings – although “first tier” cities such as Beijing and Shanghai have shifted downwards as smaller hubs, like Wuxi and Nanjing, rise. Tighter regulations (e.g. higher loan-to-value ratios and limits on second home purchases) are now filtering through into China’s house price indicators, notes KF.

Fast-growing Toronto (24.8%), home to a new foreign buyer tax, is likely to mirror Vancouver (12.2%) in seeing its rate of growth moderate in coming months.

Dutch cities are emerging as a key centre of growth in Europe; all four cities tracked here by the index topped 10% annual growth.